Especially if you're dealing with a heavy California income tax as well.That being said, I think the positives are enough to outweigh that most of the time.

Unless you are are in an area that is quickly gentrifying, I suspect the cost of remediation would greatly outweigh the increase in value. 

I've just started doing my research on rent-to-own properties and contracts and there are a few more cons than pros for a person that would actually live there but since I wouldn't live there and use as a rental property I feel like the pros out weigh the cons for me.

Bring him properties that he would be comfortable investing his money into.If you can show him his risk is minimal and theres a benefit to him that outweighs his risk, he is much more likely to lend.Did you try the BP PDF printouts to help explain your vision in a concise and professional manner?

If you and/or your family's emotional attachment out weighs all, stay.

Perhaps the long term tax benefits will outweigh the costs of capital?

She might go, she might stay; but it will at least make her think hard about whether her fondness for the apartment outweighs the inconvenience of the noise.

I think the pros far out weigh the cons - most of the cons have been mentioned already but I think one of the bigger cons would be in yellow letter type marketing...in Oregon you are supposed to disclose in every communication.  

While disclosure is important like you mentioned, I think the pros outweigh the cons.  

But, it can be done legally, but not by anyone I know of.I think you're absolutely right Dion, the hype out weighs reality.